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26 July 2021

This Summer Is Proving to Be a Harsh Time for Cryptocurrency | Live Bitcoin News

This Summer Is Proving to Be a Harsh Time for Cryptocurrency | Live Bitcoin News


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This time around, however, cryptocurrency has been suffering heavily, and it does not look like things are on the verge of recuperating.

Eventually, this resulted in the trading volume for bitcoin dropping by nearly half since its peak, and it is further down 32 percent from its June average.

While things may appear all-around terrible, Clara Medalie – research lead at crypto market data provider Kaiko – says that this June was still much stronger than it has been over the years.

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BTC gains 15% in 3 hours amid tight squeeze
published: 27 minutes ago
A sharp squeeze has seen Bitcoin quickly rally to test $40,000 for the first time in roughly six weeks, reclaiming its 50-day moving average in the process.

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